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I Have Applied for Car Finance, What Happens Next?

HI Rachel, I HAVE APPLIED FOR FINANCE, WHAT HAPPENSNEXT, IF APPROVED WILL YOU FIND THE CAR I WANT OR CAN I FIND ONE AND YOU ARRANGE THE FINANCE WITH THE GARAGE? THANKS

Asked by PAUL ROBINSON

Hi Paul, thanks for getting in touch. Your application will be processed and if provisionally approved it will be passed over to the sales team. Their job is to obtain all the relevant proofs from you (address, income etc) and then discuss the amount you can finance with our underwriters. As a business we supply the car and the finance as a package but we can get you any make and model of car as long as your income shows you can afford the vehicle. Please take a look at the testimonials we have on our website and you'll see the wide variety of cars we sell. We can also deliver vehicles nationwide and even take your old car off you as full deposit. Kind Regards, Rachel

Tim Carpenter
Answered by Tim Carpenter Car Finance Expert Edited on

Liked by 11 People

£
4 Years
Best available rate XX% APR
Total cost of credit £ XXX.XX
Total repayment £ XX,XX.XX
48 monthly
payments of
£ 245 98

Representative example: borrowing £7,500 over 4 years with a representative APR of 25.4%, an annual interest rate of 25.4% (Fixed) and a deposit of £0.00, the amount payable would be £239.77 per month, with a total cost of credit of £4,008.96 and a total amount payable of £11,508.96


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